How to deal with a scammer stockbroker?

[Good-Person]

Stock trading is a very complex procedure. You may need to hire a stockbroker if you want to invest in the stock market. However, trusting a stockbroker could be quite hard. So, how do you recognise a scam stockbroker and avoid them? Should you report them to the authority or do what?

 

[Nomad]

First and foremost, you need to see whether the broker has a license or not. If he has a license, he has a legal permit to work as a stockbroker. If he does not, he is certainly a scammer. Sometimes even the legit brokers can scam you. You can avoid it by doing a lot of research before investing in the stocks he recommends.